CRCL is a new symbol with short cycles, currently moving up from a cycle low, with potential resistance at prior cycle peaks.
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askSlim Chart Analysis w/ Trade Planning Live: AMZN, Silver, IWM, Professional Options Strategies
The video features a technical analysis session focusing on various stocks and market instruments. Analysts discuss cycle analysis, momentum, and key levels to identify potential trading opportunities. Specific instruments covered include IWM, Celanes, Abbott, HSIC, Amazon, Block Inc., Silver, CRCL, DAX, EWA, IBM, and Home Depot. The discussion also delves into option strategies like debit spreads, iron condors, and diagonal spreads, explaining how to translate technical insights into actionable trades.
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Tickers discussed in this post
Block Inc. (XYZ) is trading sideways with support levels down and a repair level around $75.16, with cautious optimism for improvement based on the weekly chart.
Abbott retested all-time highs but failed, with negative long-term momentum suggesting rallies are expected to fail and project lower towards $90.
EWA is showing strong upside momentum and positive pattern structure, with upside targets identified between 30.51-32.03 and 51-52.60.
Silver is showing strength with positive momentum and a flattening trend, with expectations for higher prices in the intermediate and short term.
Home Depot is expected to stall in a resistance zone and potentially form lower highs and lows into the July-August timeframe, suggesting a bearish hypothesis.
Amazon is showing weakness with broken support levels and negative momentum, with upside potential limited to a sell zone before further decline.